OriginOil, Inc. (OOIL.OB) is “One to Watch”
OriginOil, Inc. is a company developing a technology to turn algae, a renewable source of oil, into an alternative to petroleum. Their technology is expected to produce "new oil" from algae through an efficient, high-speed manufacturing process. The company's patent-pending OriginOil System is an advanced bioreactor system. With it, they will extract algae oil for fuel and chemical production. Founded in June of last year, OriginOil has their headquarters in Los Angeles, California. The company's goal is to provide this alternative oil product for use in many configurations, such as diesel, gasoline, jet fuel, plastics, and solvents without the global…